The demand and supply balance is adjusted through price fluctuations under a market economy. However, price changes often go too far, occasionally leading to creation of a bubble boom and its subsequent collapse. When Japan’s bubble boom went bust in the early 1990s, Japanese ...

The number of people in Japan aged 65 or older has reached 30.74 million, or 24.1 percent of the population, according to a government estimate released on the Respect for the Aged Day last Monday. The numbers are record highs and warn of snowballing ...

The European sovereign debt problem that began with Greece has entered a new phase. In addition to the ruling party’s defeat in polls Greece held May 6, Nicholas Sarkozy, who helped champion fiscal austerity as the cure for the crisis, was replaced as French ...

Japan’s ¥2.49 trillion trade deficit in 2011 — its first in 31 years — tells you where the economy’s development stands in relation to the balance of trade. Let’s review how the trade balance has fluctuated in each stage of the nation’s postwar development ...

Japan’s wholesale price index has consistently been on the rise since December 2009 due chiefly to rising oil and food prices. But the consumer price index has fallen year on year for three years in a row. One reason behind the decline in the ...

The extraordinary Diet session closed Dec. 9 after the Upper House endorsed the opposition-submitted censure motion against Defense Minister Yasuo Ichikawa and consumer affairs chief Kenji Yamaoka. Was anything else accomplished? The legislature passed the third extra budget of the year for disaster recovery ...

The joint declaration adopted Oct. 15 by the Group of 20 finance ministers and central bankers expressed a willingness to take resolute action to deal with the serious downside risks being faced by the global economy. But Japan, beset by the damage caused by ...

The yen continues to appreciate as Japan struggles to get a handle on recovering from the March 11 earthquake and tsunami, the unresolved crisis at the Fukushima No. 1 nuclear power plant, and the inability of the administration of Prime Minister Naoto Kan to ...

The destruction wrought by the Great East Japan Earthquake has started to appear in statistics in its full force. New car sales in April fell 47.3 percent from a year ago to 185,673 units, while gross domestic product for the January-March quarter contracted 0.9 ...

More than three weeks after Tohoku and the eastern parts of the Kanto region were hit by a massive earthquake that triggered a tsunami and a nuclear power plant crisis — there are few indications of when Japan might get the situation under control. ...